Changpeng Zhao, known as CZ BNB, the former CEO of Binance, faces a wave of allegations of “smear” linked to a reported advocacy agreement. The Wall Street Journal said that CZ had agreed to testify against Justin Sun to guarantee the leniency in its legal regulations in 2023, although the two men publicly denied the complaints.
This so-called “drama” comes after advocating CZ guilt to violations against money laundering, causing a four-month prison sentence. Released in September 2024, he now addressed reports that he provided evidence against Sun.
CZ called the story of “baseless success”, noting that it served time and was far from being witnesses to the typical government. Sun accepted, affirming their friendship and rejecting rumors as unfounded.
Several people told me again that WSJ wrote another piece of baseless success on me. 4
– CZ
BNB (@cz_binance) April 11, 2025
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The blow without base and where he strikes
Today, many consider this smear as a targeted attack, perhaps fueled by regulatory pressures or rival interests. Support for CZ and Sun is strong among the loyalists, who consider them as pioneers of the industry. However, some question the transparency of the advocacy agreements, questioning their confidence in centralized exchanges.
CZ’s response to social platforms was clear, suggesting that the media was paid to dirty it. He argued that the peer in prison contradicts the allegations of being a protected witness. It goes hand in hand with his supporters of the cryptographic community, who joined his challenge.
WSJ really tries here. They seem to have forgotten who went to prison and who did not do it.
People who become government witnesses do not go to prison. They are protected.
I heard that someone paid WSJ employees to go wrong.
– CZ
In addition, Justin Sun comes to the defense of CZ, his “mentor”. He praised the integrity of CZ, urging unity in the “small space” of crypto. This struck a string sensitive to supporters, who consider regulatory examination as a shared threat.
I am not aware of rumors in circulation. CZ is both my mentor and a close friend – he played a crucial role while supporting me during my entrepreneurial trip. To date, his conduct and principles remain the highest level that I try to follow as a founder.
At the same time…
– Il Justin Sun
(@Justinsuntron) The next day, the community feels the frustration of media stories. Many reject history as an attempt to divide key characters like CZ and Justin Sun and their contributions from the world’s world scope to the Defit de Tron ecosystem. However, a vocal minority requires clarity, suspicious of the hidden agreements in legal battles with high issues.
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From to drama: Justin Sun and Cz are not saints
Adding to the tragedy, reports suggest that Binance leaders have met US Treasury officials to reduce the surveillance of an instructor after a regulation of $ 4.3 billion.
These talks coincided with discussions to list USD1, a stablecoin linked to a company supported by Trump where the sun is an investor. Critics consider this to be a potential conflict, while Binance calls for surveillance, the search for “fine adjustment” of the rules of conformity.
On the other hand, the SEC interrupted a case of fraud against Justin Sun in February 2025, after his investment of $ 75 million in the project linked to Trump. Some speculate this timing lines up with Binance’s maneuvers, alluding to political parts.
Breakup
The SEC has just ended its lawsuits against the fraud of Justin Sun, a Chinese national who has put more than $ 50 million in Trump’s pocket since November thanks to the purchase of crypto tokens from a company supported by Trump, World Liberty Financial. pic.twitter.com/kzpqc6frht
– Judd Legum (@juddlegum) February 28, 2025
An additional drama comes from binance rumors with the Trump circle. Discussions on a binance acquisition of American stakes by Trump’s WLFI have surfaced, which Cz has denied.
Taking advantage of the situation, the bettors of Polymarket give 18% of this agreement by this agreement by July 2025. The bettors consider this as a political lever effect, the hopes of CZ of CZ of occasionally, although not confirmed.
(source))
It’s a big saga. It displays the complex interaction of loyalty, regulations and power of crypto. With their loyalty as a community, cryptobros remain strong on their ground by defending CZ and Justin Sun, but persistent questions about advocacy and political ties keep the drama that simmer.
Some of those who are work forces are the same as burning crosses
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Main to remember
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What does WSJ say and what are the consequences?
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The Cryptobros community supports both CZ and Justin Sun. But are they the holy crypto?
The post-boss allegations of the former boss of the Binance CZ Slays on the drama of Justin Sun in Plea Deal appeared first on 99Bitcoins.
